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Paycheck Protection Program Loan Forgiveness FAQs and New Guidance on Lender Obligations

USA - August 13 2020 Last week, the Small Business Administration ("SBA"), in consultation with the US Treasury Department, issued new guidance through Frequently Asked…

Patrick Boot, Peter G. Weinstock

SBA Releases First Interim Final Rule After Passage of the Paycheck Protection Program Flexibility Act/PPPLF Conflict Issues Created

USA - June 12 2020 The Small Business Administration ("SBA") released the first interim final rule1 ("IFR") in response to various significant changes created by the…

Patrick Boot, Peter G. Weinstock

Memorial Day Weekend 2020: Two New Rules on Paycheck Protection Program Loan Forgiveness Process

USA - May 28 2020 Late on Friday, May 22nd, the Small Business Administration ("SBA") released two interim final rules ("IFRS") addressing the forgiveness process of…

Patrick Boot

The Paycheck Protection Program Liquidity Facility

USA - May 28 2020 At the end of the second round of the Paycheck Protection Program (the "PPP") administered by the Small Business Administration (the "SBA") there…

Patrick Boot, John J. Dedyo, Peter G. Weinstock

Worth the Wait? The Paycheck Protection Program Forgiveness Application Finally Arrives

USA - May 19 2020 After hours on Friday, May 15th, the Small Business Administration (the "SBA"), in consultation with the Department of the Treasury, released the…

Patrick Boot, Peter G. Weinstock